As you can see price on the AUD/NZD has fallen into strong , which also coincides with the C leg of the at the 1.414% extension.
Depending on your trading plan and style, you could buy at market in anticipation that price will rally to the D leg of the .
A more conservative approach would be to await price to break and close below the PRZ zone at which point would indicate price would keep falling.
Another conservative approach would be to await a rally to the D leg of the before getting short.
I feel both the aggressive and conservative approach are plausible, but always trade your plan.
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Have a great trading week.